Emmerson (LON:EML) Shares Down 3.4% – Here’s Why

Emmerson PLC (LON:EML)’s stock price was down 3.4% during trading on Tuesday . The company traded as low as GBX 2.10 and last traded at GBX 2.10. Approximately 1,765,938 shares traded hands during trading, an increase of 33% from the average daily volume of 1,328,813 shares. The stock had previously closed at GBX 2.18.

Emmerson Trading Down 3.4%

The stock’s fifty day moving average is GBX 2.30 and its 200 day moving average is GBX 2.23. The company has a market capitalization of £28.06 million, a P/E ratio of -0.93 and a beta of 1.33.

About Emmerson

Emmerson PLC is a potash development company and is focussing on advancing its flagship project, the Khemisset Potash Project, located in Northern Morocco into a low-cost, high margin supplier of potash.

Our Khemisset Potash Project is ideally located to benefit from the expected high growth in demand for NPK fertilisers on the African Continent and is close to a number of potential export ports giving it access to the European, Brazilian and US markets.